2021-05-17T13:33:43-05:00 2020-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PC 19 MORGAN DRIVE LEBANON NH 03766 990 2019-07-01 020222179 PROCTOR ACADEMY PROC 6037356000 PO BOX 500 ANDOVER NH 03216 MICHAEL HENRIQUES HEAD OF SCHOOL 6037356000 2021-05-14 1 W JAY SIMMS P00435321 6036530044 2021-05-13 2019 2022-09-23 18:48:47Z MICHAEL HENRIQUES PO BOX 500 ANDOVER NH 03216 39747571 0 X PROCTORACADEMY.ORG X 1848 NH TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIENTIAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 30 30 349 330 161796 0 5098940 6277276 24246716 23005850 -492132 2193568 93323 66302 28946847 31542996 4460767 4622352 0 0 13696064 14211608 0 0 1353040 10699906 10100457 28856737 28934417 90110 2608579 83509711 88196091 24107078 27635565 59402633 60560526 X TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIENTIAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 0 0 24775761 4622352 23005850 EDUCATING 370 HIGH SCHOOL STUDENTS TAUGHT BY 90 FACULTY AND SPECIALISTS IN 180 SCHOOL DAYS AND IN 3 TRIMESTERS. 24775761 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 106 0 1 349 1 1 1 1 BE 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X PROCTOR ACADEMY 6037356000 BUSINESS OFFICE 204 MAIN ST ANDOVER NH 03216 ELIZABETH BLODGETT-SMITH VICE PRESIDENT 1.00 X X 0 0 0 STEPHEN THEROUX TREASURER 1.00 X X 0 0 0 SARAH SELDEN BUSH TRUSTEE 1.00 X 0 0 0 VICTORIA GRAHAM TRUSTEE 1.00 X 0 0 0 D THOMAS HEALEY JR PRESIDENT 1.00 X X 0 0 0 CHRISTINE JOHNSON TRUSTEE 1.00 X 0 0 0 LAURA ANKER CLERK 1.00 X X 0 0 0 MATT NATHANSON TRUSTEE 1.00 X 0 0 0 WALTER PERRY STATUTORY 1.00 X 0 0 0 GREG SAMAHA TRUSTEE 1.00 X 0 0 0 TRAVIS WARREN TRUSTEE 1.00 X 0 0 0 JOANNA DE PENA TRUSTEE 1.00 X 0 0 0 MARK JOHNSON TRUSTEE 1.00 X 0 0 0 KATIE KIDDER TRUSTEE 1.00 X 0 0 0 ANNE ROWLEY TRUSTEE 1.00 X 0 0 0 ARMINS RUSIS TRUSTEE 1.00 X 0 0 0 BERNARD AUYANG TRUSTEE 1.00 X 0 0 0 KAREN BONEWALD TRUSTEE 1.00 X 0 0 0 MAX COBB TRUSTEE 1.00 X 0 0 0 BECKY KIDDER SMITH TRUSTEE 1.00 X 0 0 0 STEVE KURSH TRUSTEE THROUGH JAN 2020 1.00 X 0 0 0 REBECCA LEAVITT TRUSTEE 1.00 X 0 0 0 DOUG ROBIE TRUSTEE 1.00 X 0 0 0 STEVE WILKINS TRUSTEE 1.00 X 0 0 0 JENNIFER FULTON TRUSTEE 1.00 X 0 0 0 KATE KREHBIEL TRUSTEE EFFECTIVE MAY 2020 1.00 X 0 0 0 TIM MINER TRUSTEE EFFECTIVE JUNE 2020 1.00 X 0 0 0 CHRIS RAY TRUSTEE 1.00 X 0 0 0 HADLEY SCULLY TRUSTEE EFFECTIVE MAY 2020 1.00 X 0 0 0 PETRA SHAW PAPA STATUTORY 1.00 X 0 0 0 MICHAEL HENRIQUES HEAD OF SCHOOL 40.00 X 379970 0 67190 JOHN FERRIS CFOO 40.00 X 202839 0 37101 KEITH BARRETT DIRECTOR OF DEVELOPMENT 40.00 X 176947 0 36100 CHRISTOPHER BARTLETT DIRECTOR OF ENROLLMENT & MARKETING 40.00 X 125578 0 33474 KARL METHVEN DEAN OF FACULTY 40.00 X 104506 0 33498 KARIN CLOUGH ASSISTANT HEAD OF SCHOOL 40.00 X 101576 0 50333 1091416 0 257696 6 0 1 0 HP CUMMINGS CONSTRUCTION CO PO BOX 269 WOODSVILLE NH 03785 OUTDOOR CENTER CONSTRUCTION 3659544 ANDREWS CONSTRUCTION CO INC PO BOX 720 CAMPTON NH 03223 CONSTRUCTION 185404 GW TATRO CONSTRUCTION INC PO BOX 339 JEFFERSONVILLE VT 05464 CONSTRUCTION 128424 WEATHERCHECK LLC 57 PROSPECT HILL ROAD GEORGES MILLS NH 03751 ROOFERS 122130 BEMA SOLUTIONS INC 909 ST JOSEPH STREET STE 202 RAPID CITY SD 57701 WOODCHIP PLANT REPAIRS 101630 5 6277276 453108 6277276 TUITION & FEES 611710 22843509 22843509 PROGRAM SUPPORT REVENUE 611710 1166641 1166641 SUMMER PROGRAM REVENUE 611710 518520 518520 COVID-19 REFUNDS 611710 -1522820 -1522820 23005850 548033 548033 36613 15691 20922 20922 20922 9496795 62000 7861263 51997 1635532 10003 1645535 1645535 17810 11678 6132 6132 136970 263946 -126976 -126976 SKI HILL INCOME 713990 116804 112376 4428 HOCKEY RINK INCOME 713940 41465 41465 CONFERENCE INCOME 722410 7955 7955 166224 31542996 23005850 161796 2098074 4622352 4622352 639758 639758 10494914 8862211 801726 830977 608244 509655 50801 47788 1704654 1375464 200218 128972 764038 610621 96161 57256 114649 114649 57247 57247 120029 120029 103829 12719 91110 935290 868721 47549 19020 92737 45896 35975 10866 571534 531526 28577 11431 3069580 2854709 153479 61392 459139 415758 28837 14544 SUPPLIES 1639566 1184472 297692 157402 INSTRUCTIONAL 1145354 1145354 REPAIRS AND MAINTENANCE 916011 860811 41808 13392 STUDENT ACTIVITIES 875492 875492 28934417 24775761 2805616 1353040 416959 4095755 1588644 2085657 142289 359013 249788 278134 712662 384273 82113624 33012758 48268234 49100866 30589474 30331599 835647 846447 706014 714347 83509711 88196091 1828427 1632930 4446617 4478924 17320746 19287856 123211 1810900 388077 424955 24107078 27635565 X 38161584 39639537 21241049 20920989 59402633 60560526 83509711 88196091 X 2608579 -1509520 58834 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28813438 479799 518850 2377000 27435087 28024626 547088 1499724 1258000 28813438 25660482 1742157 1606821 984834 28024626 20699218 453561 2273966 -2233737 25660482 21998959 158705 -485434 973012 20699218 0.35640 0.64360 0.00000 0 0 4613825 4613825 67133034 25615068 41517966 10117505 6622331 3495174 249260 775359 -526099 49100866 CAPITAL LEASE OBLIGATIONS 138483 RETIREMENT OBLIGATIONS 266450 SPLIT INTEREST AGREEMENTS 20022 424955 X 25641244 -1509520 -4563518 -6073038 31714282 120029 -291315 -171286 31542996 24483351 291315 291315 24192036 120029 4622352 4742381 28934417 PART V, LINE 4: TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR THE PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U. S. INTERNAL REVENUE CODE, EXCEPT WITH REGARD TO UNRELATED BUSINESS INCOME, WHICH IS TAXED AT CORPORATE INCOME TAX RATES. ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE SCHOOL HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: PLEDGE NPV ALLOWANCE 33,000. FINANCIAL AID -4,622,352. POST-RETIREMENT HEALTH BENEFIT OBLIGATION CHANGES 41,550. PLEDGE ALLOWANCE -15,716. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES -263,946. FUNDRAISING EXPENSES -11,678. RENTAL EXPENSES -15,691. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES 263,946. FUNDRAISING EVENT EXPENSES 11,678. RENTAL EXPENSES 15,691. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,622,352. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PROCTOR ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY IN THE CONCORD MONITOR NEWSPAPER ANNUALLY IN SEPTEMBER. THE POLICY IS PUBLICIZED ON THE PROCTOR ACADEMY'S WEBSITE. FRANCE 1 2 PROGRAM SERVICES STUDY ABROAD TERM 133397 SPAIN 1 2 PROGRAM SERVICES STUDY ABROAD TERM 219002 COSTA RICA 0 0 PROGRAM SERVICES STUDY ABROAD TERM 67490 2 4 0 0 2 4 419889 0 419889 0 0 0 0 0 0 PART III ACCOUNTING METHOD: ANNUAL GOLF TOURNAMENT 17810 17810 8041 3637 17810 17810 8041 3637 11678 6132 0 FINANCIAL AID & TUITION REMISSION. 174 4622352 FMV SCHOLARSHIPS AND OTHER FINANCIAL AID FOR STUDENTS. SCHEDULE I, LINE 2 THE DIRECTOR OF FINANCIAL AID MAINTAINS THE RECORDS, AND THE CHIEF FINANCIAL & OPERATING OFFICER CONFIRMS THE TOTAL FINANCIAL AID TO THE BUDGETED AMOUNT. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL HENRIQUES HEAD OF SCHOOL 379970 0 0 0 0 0 19600 0 47590 0 447160 0 0 0 JOHN FERRIS CFOO 202839 0 0 0 0 0 12517 0 24584 0 239940 0 0 0 KEITH BARRETT DIRECTOR OF DEVELOPMENT 176947 0 0 0 0 0 12562 0 23538 0 213047 0 0 0 CHRISTOPHER BARTLETT DIRECTOR OF ENROLLMENT & MARKETING 125578 0 0 0 0 0 9581 0 23893 0 159052 0 0 0 KARIN CLOUGH ASSISTANT HEAD OF SCHOOL 101576 0 0 0 0 0 7445 0 42888 0 151909 0 0 0 PART I, LINE 1A ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE, PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE (ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE) USE THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES, INFORMATION FROM FORM 990'S AND AN INTERNALLY PREPARED COMPENSATION STUDY TO DETERMINE AND APPROVE THE HEAD OF SCHOOL'S COMPENSATION. AS A CONDITION OF EMPLOYMENT AS HEAD OF SCHOOL AND IN ORDER TO FULFILL RESPONSIBILITIES AS HEAD OF SCHOOL, AND FOR THE CONVENIENCE OF THE SCHOOL THE HEAD OF SCHOOL WILL BE PROVIDED WITH HOUSING ON THE MAIN CAMPUS OF THE SCHOOL, WHICH INCLUDES PAYMENT OF ALL UTILITIES. A NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 020279866 000000000 2017-01-25 25000000 FINANCE EXISTING DEBT, SUBSIDIZE DEFERRED MAINTENANCE AND CAMPAIGN PROJECTS. 0 0 0 A 20479232 215976 20263256 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 0 SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS ARE DIFFERENT FROM THE ISSUE PRICE GIVEN THAT PROCTOR COULD DRAW ON THE BOND UNTIL JANUARY 1, 2020. PROCTOR DREW DOWN $20,479,232 THROUGH JANUARY 1, 2020. X 33 453108 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: PROCTOR HAS AN ACCOUNT AT MORGAN STANLEY AND ALL STOCK GIFTS ARE IMMEDIATELY LIQUIDATED AND TRANSFERRED TO THE SCHOOL'S BANK ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, AND THE FINANCE COMMITTEE INCLUDING THE PRESIDENT AND THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE ASKED ANNUALLY TO REPORT ON ANY CONFLICTS OF INTERESTS THAT THEY MAY HAVE. THAT INFORMATION IS ANNOUNCED PUBLICLY TO THE REST OF THE BOARD AND POSTED INTO THE NEWSPAPER. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE, PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE (ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE) USE THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES, INFORMATION FROM FORM 990'S AND AN INTERNALLY PREPARED COMPENSATION STUDY TO DETERMINE AND APPROVE THE HEAD OF SCHOOL'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: POST RETIREMENT HEALTH BENEFIT OBLIGATION CHANGE 41,550. NPV ADJUSTMENT 33,000. PLEDGE ALLOWANCE -15,716.